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Kogi Governor, Yahaya Bello Should Be In Jail Forever Over Exposed N20Billion Bailout Fraud—Activist, Deji Adeyanju

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Human rights activist and Convener of Involved Nigerians, Deji Adeyanju has expressed concern over an alleged fraud of N20 billion wage bailout mortgage by the Kogi State governor, Yahaya Bello.

Adeyanju, in his response on his Twitter web page, mentioned Bello ought to be jailed for the issues brought on by the non-payment of staff’ salaries regardless of receiving bailout mortgage.



He mentioned, “Yahaya Bello ought to be in jail eternally if this was a rustic in any respect. No person can do that in China. How are you going to destroy a state to this degree?”

Recall that Sahara Reporters had reported {that a} Federal Excessive Court docket in Lagos on Tuesday ordered the freezing of a checking account belonging to Kogi State authorities over a N20 billion mortgage obtained from Sterling Financial institution Plc. 

Justice Tijjani Garba ordered that the account shod be frozen pending the conclusion of investigation or doable prosecution by the Chairman of the Financial and Monetary Crimes Fee (EFCC), Abdulrasheed Bawa.

Sahara Reporters additionally reported that the EFCC had approached the court docket for the order in an ex parte software introduced pursuant to part 44(2) of the Structure and part 34(1) of the EFCC Act, and underneath the inherent jurisdiction of the court docket.
 
A counsel from the company, A. O. Mohammed, knowledgeable the court docket that the order was mandatory in order to protect the remaining and abate additional dissipation of the funds within the account. 
 
Shifting the appliance, Mohammed instructed the court docket that the N20 billion mortgage meant to enhance the wage cost and operating price of the state authorities was stored in an interest-yielding account with Sterling Financial institution.
 
He added that as an alternative of utilizing the cash for the aim it was meant for, Sterling Financial institution Plc, performing on the instruction of the Kogi State Authorities, transferred the cash from the mortgage account and positioned identical in a set deposit account.
 
He acknowledged that Sterling Financial institution Plc had but to current any credible proof to indicate that the ability was safe. 
 
Granting the appliance, Justice Ringim ordered the EFCC to publish the order in a nationwide newspaper and make quarterly reviews to the court docket on the progress of its investigation.
 
The choose consequently adjourned the matter until December 1, for the report of Investigation.
 
The EFCC in its 13-paragraph affidavit in help of the ex parte originating summons deposed to by a member of a crew of investigators connected to the Chairman, Monitoring Unit of the EFCC, Lagos, acknowledged that the Fee acquired credible and direct intelligence which led to the tracing of funds moderately suspected to be proceeds of illegal actions warehoused in account No. 0073572696 and domiciled in Sterling Financial institution Plc with the title – Kogi State Wage Bailout Account.
 
He mentioned the Fee acted on the mentioned intelligence and assigned identical to the Chairman, Monitoring Unit, the place it was found that on April 1, 2019, the administration of Sterling Financial institution Plc accepted a suggestion of N20,000,000,000.00 bailout mortgage facility for Kogi State Authorities. 
 
Based on the deponent, on the June 19, 2019, the Kogi State Authorities, Ministry of Finance and Financial Growth, workplace of the Honourable Commissioner, utilized for credit score facility of Twenty Billion Naira (N20, 000,000,000), with an rate of interest of 9 p.c for a tenure of 240 months from Sterling Financial institution Plc. 
 
He added that the mentioned facility was meant to enhance the wage cost and operating price of the state authorities. 
 
He acknowledged additional that on June 26, 2019, the credit score facility provide was accepted vide a memorandum of acceptance signed by Yahaya Bello, Governor of Kogi State; Asiwaju Asiru Idris, state Commissioner of Finance and one Alhaji Momoh Jibrin, Accountant Common of the state. 
 
He acknowledged that previous to the mentioned software for mortgage, Kogi State Authorities on the nineteenth June, 2019 vide a letter to the Supervisor, Sterling Financial institution Plc, Lokoja utilized to open an account within the financial institution with the title – Kogi State Wage Bailout Account, with Alhaji Momoh Jubril, Accountant Common of the State and Elijah Evinemi, Ag. Director Treasury because the signatories to the mentioned account. (Hooked up and marked exhibit EFCC 04 is a replica of the mentioned letter). 
 
The assertion mentioned, “That upon the opening of the mentioned account with No. 0072969301, Sterling Financial institution Plc disbursed wage intervention mortgage to the tune of N20,000,000,000.00 to the account. 
 
“That relatively than use the intervention funds for the aim for which it was granted, the state authorities proceeded to open a repair deposit account No. 0073572696.

“That on the 25 day of July, 2019, Sterling Financial institution Plc, performing on the instruction of the Kogi State Authorities transferred the cash from the mortgage account and positioned identical on aforementioned mounted deposit account.”

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